My goodness, this is the last week of August. My kids go back to school tomorrow. My Dad is coming back from his cabin on Sunday. Labor Day is a week from today, and that really means that the Minnesota summer of 2013 is officially over.
I know that my kids are ready to get back to school. Each of them told me separately that they are looking forward to getting back to the predictable schedule of the school year.
Parents and grandparents can also use the fall of the year to take more time to pay much closer attention to their Minnesota company 401(k) retirement plan accounts.
The TV will be off more often, the video games silent, and the cell phone text messages will drop off dramatically. The textbooks will be open and quiet study time will again invade the household.
This new quite study time is a great opportunity for all working adults to dig out their file of current company 401(k) plan account statements. If you can’t find your statements, ask someone at your company to give you the phone number for your company retirement plan provider.
If you don’t feel comfortable or qualified to take on the responsibility to make investment management decisions in your company 401(k) retirement plan account, you are not alone.
You don’t fix your car. You don’t examine your teeth. And you probably don’t give yourself an annual physical examination.
Why would you think that you have the qualifications and experience to make investment decisions involving hundreds of thousands of dollars?
You insure your home. You insure your car. You even ensure your golf clubs, your patio furniture, and your HDTV.
Why would you not seek professional advice and a risk management game plan on the largest piece of your retirement assets?
Use the new fall schedule that comes with the back-to-school season in late August. Find an investment professional who is experienced in providing common sense investment advice regarding your company 401(k) retirement plan account.
Ric Lager
Lager & Company, Inc.
